Oil prices slip on G7 trade concerns

Concerns about broad-based trade issues overshadowed potential supply-side deficits to push the price for crude oil lower early in the Friday session. U.S. President Donald Trump left Friday for a summit in Canada for members of the Group of 7 leading industrialized countries. He’s expected to leave the summit early to head to Singapore to focus his efforts on North Korean détente. After the U.S. president hit European allies with aluminum and steel tariffs, the meeting shows a Washington policy drifting away from European commitments. “Looking forward to straightening out unfair trade deals with the G7 countries,” the U.S. president said through his Twitter account. “If it doesn’t happen, we come out even better!” Trump’s distaste for multilateralism has been met with […]